Maybe new inexperienced landlords? 

@Jason I knew the property wasn't worth anythning close to the first appraisal but the problem comes when the seller and his agent uses a falacious appraisal to justify their price to an inexperienced buyer.

Why do you think it is less risky for a group of inexperienced people to form a partnership?

So you have to make a decision....do you want to hire someone willing to work for that little, which means someone very inexperienced....make a go at it without an agent, or consider getting your license and representing yourself.

So, would one ideally try to put a property under contract and then line up lending or try to get the hard money lined up as quickly as possible to then make an offer.Sorry for the somewhat inexperienced question.  

especially the sweet tea.

What do they do next, well they send the cheapest worker, who is either angry that he is working cheaply or inexperienced. 

I think it's a tall order in the first place, and when I see droves of inexperienced and perhaps ill-equipped persons attempting to do it from outside of their own town, I worry they may have jumped in over their heads but again, successful people are successful and maybe that matters not.For me, I'm getting out.

It is mostly the inexperienced RE investors that are making purchases (typically off the MLS) that are resulting in loosing money in the short term.  

Whats an inexperienced investor to do in this situation?